IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 13 Jun 2011 | Removal date: open ended
Still in force

Financial assistance in foreign market

On 13 June 2011, the Japan Bank for International Cooperation (JBIC) signed a JPY 15.8 billion (approx. USD 197 million) overseas loan agreement with Indonesian PT Indonesia Chemical Alumina (ICA). The Japanese company Showa Denko K.K. has a 20% equity stake ICA.
The loan finances the ICA undertaking an aluminium production project in Tayan, West Kalimantan, Indonesia. A part from the Japanese company having an ownership stake in this project's aluminium production through its equity stake in ICA, it will also in this context provide certain technology related to the project.
 
Overseas investment loans
JBIC provides direct loans named overseas investment loans to Japanese companies, overseas affiliates or joint ventures where Japanese companies hold equity interests and governments or financial institutions partying with such overseas affiliates. Loans support projects in specific sectors or with a specific purpose of interest to Japan. Further information can be found on the Bank's website under overseas investment loans.

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

342 Basic inorganic chemicals n.e.c.
2818 Artificial corundum, whether or not chemically defined; aluminium oxide; aluminium hydroxide.
281830 Aluminium hydroxide
379 Other non-metallic mineral products n.e.c.
2818 Artificial corundum, whether or not chemically defined; aluminium oxide; aluminium hydroxide.
281810 Artificial corundum, whether or not chemically defined
414 Copper, nickel, aluminium, alumina, lead, zinc & tin, unwrought
2818 Artificial corundum, whether or not chemically defined; aluminium oxide; aluminium hydroxide.
281820 Aluminium oxide, other than artificial corundum

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